Economy, asked by DEVPRASSATH5344, 1 year ago

Under oligopoly, the firm’s demand curve is indeterminate. Justify.

Answers

Answered by shikhersrivasta
1
 It is due to interdependence of other firms and absence of well defined goods. ... Thus it is difficult to take decision of the demand curve of an oligopolist. We cannot use the downward sloping curve as oligopolist is not a monopolist.
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